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20121201
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-- the cars have made less of an impact in the u-s due to the fact that diesel fuel is more expensive. there's currently a missing ingredient in the martha stewart empire -- a ceo. the ceo of martha stewart living omnimedia -- lisa gersh -- is leaving the company after just one year. the company is now looking for a replacement. other branches of the company including its publishing and broadcasting units have experienced recent declines. pfizer is cutting jobs in order to cope with losses from its popular drug lipitor. bloomberg reports the pharmaceutical company will cut fs over broll 20 percent of its workforce -- or around 600 sales jobs. pfizer's lipitor has seen an increase in competition within the generic drug market. a spokesperson for pfizer did not confirm the report --but did say the company is making changes to fit the future needs of business. facebook gave investors something to "like" in 2012.. despite it's botched ipo day. because it was a heavy hitter.. ipo values this year, topped last year. with $40 billion dollars in 2012 ipo money compared to $35.5 billion in 2011. 1
analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32 billion now. fortunately, it's a bumper year for the coffee crop in brazil. the country is harvesting its biggest coffee crop ever. and peter madoff is sentenced to the max of 10 years in prison for helping his brother bernie in their infamous ponzi scheme. scott bauer of trading advantage joins us on this friday morning for a closer look at the markets. good morning to you. we had a nice santa claus rally going on here. do you think that this fiscal talk is just going to kill it? > > no, it doesn't look like it. the trend over the last few days is, we have seen the market up, but we have seen it really kind of accelerate toward the end
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